XRP News Today: Ripple Warns XRP Holders Over Surge in YouTube Scams as Price Drops 1.99% to $3.44

Ripple has issued a critical warning to XRP holders following a surge in YouTube-based scams impersonating its official brand and accounts. The company reported that scammers are increasingly hijacking existing YouTube channels to mimic Ripple’s verified presence, using the username “@Ripple” to deceive users into sending XRP to fraudulent wallets. In a statement posted on its verified X profile, Ripple reiterated that it and its executives will never request users to transfer XRP under any circumstances [1]. The company emphasized the importance of verifying official communication channels, directing users to its verified accounts and a dedicated scam-identification resource page [1].

The impersonation schemes involve scammers rebranding stolen YouTube accounts to replicate Ripple’s official branding, creating a false appearance of legitimacy. These scams target XRP holders, particularly those new to cryptocurrency, by leveraging misleading content such as fake airdrop or giveaway announcements. Ripple’s warning highlights the risks of engaging with unverified accounts and underscores the need for heightened vigilance in the digital asset ecosystem [1].

Community reactions have called for stronger enforcement against such scams. Prominent XRP advocate XRPcryptowolf urged Ripple to pursue legal action against YouTube, referencing the company’s 2020 lawsuit against the platform over similar impersonation activities. That case, which was eventually settled, did not fully resolve the issue, as fraudulent accounts continue to proliferate. Lourenço Matalonga, an X user, noted that the rise in scams could paradoxically indicate growing awareness of XRP, though the intent remains malicious [1].

Ripple’s legal history with YouTube adds context to its current stance. The 2020 lawsuit centered on the platform’s failure to remove impersonation content and fraudulent XRP schemes. Ripple CEO Brad Garlinghouse has since criticized YouTube and X for allowing deepfake videos—using his likeness—to circulate as part of paid advertising campaigns [1]. These incidents reflect broader challenges in holding social media platforms accountable for enforcing anti-fraud measures in the crypto space.

The warning coincides with heightened scrutiny of XRP’s market dynamics. While Ripple’s legal team has dismissed claims that the company plans to sell its XRP escrow holdings, analysts attribute recent price volatility to broader crypto sector pressures, including the U.S. Securities and Exchange Commission’s (SEC) delay in approving Bitwise’s crypto ETF [3]. XRP’s price declined 1.99% to $3.44 on July 14, 2025, marking a two-day losing streak [3]. However, these movements are not directly tied to Ripple’s escrow strategy, which aims to stabilize supply through periodic releases from reserve accounts [2].

Critics argue that Ripple’s ability to navigate these challenges hinges on its transparency and regulatory engagement. Ongoing SEC lawsuits and the decentralized nature of crypto markets complicate enforcement efforts, while global economic factors—such as recent trade agreements—add layers of uncertainty. Meanwhile, the broader crypto sector remains vulnerable, with $2.17 billion in thefts reported in the first half of 2025 alone [6].

Ripple’s public alerts serve as a reminder of the persistent risks in digital asset ecosystems. By reinforcing guidelines for verifying official communications and encouraging users to report suspicious activity, the company seeks to mitigate the impact of scams. However, the case underscores the need for collaborative efforts between platforms, regulators, and industry participants to address impersonation threats effectively.

Source:

[1] [Ripple Issues Fresh Critical Warning to XRP Holders] [https://timestabloid.com/ripple-issues-fresh-critical-warning-to-xrp-holders/]

[2] [Ripple Won't Dump Its XRP Escrow Holdings] [https://www.mitrade.com/insights/news/live-news/article-3-981654-20250724]

[3] [XRP drops 6% as SEC delays Bitwise crypto ETF — is this ...] [https://m.economictimes.com/news/international/us/xrp-sinks-6-percent-again-as-sec-delays-bitwise-crypto-etf-is-the-dip-a-red-flag-or-a-golden-buy-signal-heres-the-2025-xrp-price-prediction-you-need-to-see/articleshow/122859722.cms]

[6] [Cryptoupdatesonly's Profile | Binance Square] [https://www.binance.com/en/square/profile/square-creator-e0f86ef0de27]